ETN vs. MTZ: Eaton vs. MasTec Stock Comparison

November 11, 2026

How do Eaton (ETN) and MasTec (MTZ) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Eaton (ETN) and MasTec (MTZ) both fall under the Capital Goods industry group, but ETN is classified in Electrical Equipment while MTZ is classified in Construction & Engineering.

Company profile comparison for Eaton (ETN) and MasTec (MTZ)
Profile Item	ETN	MTZ
Name	Eaton Corporation plc	MasTec, Inc.
Country/Region	Ireland	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Electrical Equipment	Construction & Engineering
GICS Sub-Industry	Electrical Components & Equipment	Construction & Engineering
Market Capitalization	132.76 billion USD	13.98 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	June 1, 1972	February 21, 1973
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

ETN

MTZ

GSPC

Eaton (ETN) vs. MasTec (MTZ), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Eaton (ETN) and MasTec (MTZ). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Eaton (ETN) and MasTec (MTZ). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Eaton (ETN) and MasTec (MTZ)
Metric	ETN	MTZ
Total Return (1Y)	-2.33%	-7.45%
Total Return (3Y, Annualized)	19.68%	57.37%
Total Return (5Y, Annualized)	17.50%	13.96%

Risk Profile

Drawdown History

ETN

MTZ

GSPC

Eaton (ETN) vs. MasTec (MTZ), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Eaton (ETN) and MasTec (MTZ). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Eaton (ETN) and MasTec (MTZ)
Metric	ETN	MTZ
Volatility (1Y, Annualized)	43.57%	55.99%
Beta (5Y)	1.14	1.91
Max Drawdown (5Y)	-34.46%	-63.67%
Avg. Volume (3M)	2.32M	1.63M

Risk-Adjusted Performance

Risk-Return Positioning

ETN and MTZ are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Eaton (ETN) and MasTec (MTZ)
Metric	ETN	MTZ
Sharpe Ratio (1Y)	-0.15	-0.21
Sortino Ratio (1Y)	-0.21	-0.28

Profitability

ROE (TTM)

Eaton (ETN) at 19.55% sits in the top ROE quartile, while MasTec (MTZ) at 14.53% is closer to the peer norm — stronger capital efficiency for ETN.

ETN

Capital Goods industry group

19.55%

Max: 40.55%
ETN: 19.55%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

MTZ

Capital Goods industry group

14.53%

Max: 40.55%
Q3: 19.29%
MTZ: 14.53%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

Eaton (ETN) vs. MasTec (MTZ): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

Eaton (ETN) at 12.18% retains a top-quartile share of revenue as profit, ahead of MasTec (MTZ) at 2.80%, which keeps about the industry-typical share.

ETN

Capital Goods industry group

12.18%

Max: 27.47%
ETN: 12.18%
Q3: 12.10%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

MTZ

Capital Goods industry group

2.80%

Max: 27.47%
Q3: 12.10%
Median: 6.30%
MTZ: 2.80%
Q1: 1.40%
Min: -12.89%

Eaton (ETN) vs. MasTec (MTZ): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Both Eaton (ETN) at 17.85% and MasTec (MTZ) at 5.64% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

ETN

Capital Goods industry group

17.85%

Max: 36.60%
Q3: 18.33%
ETN: 17.85%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

MTZ

Capital Goods industry group

5.64%

Max: 36.60%
Q3: 18.33%
Median: 11.12%
MTZ: 5.64%
Q1: 5.14%
Min: -12.63%

Eaton (ETN) vs. MasTec (MTZ): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for Eaton (ETN) and MasTec (MTZ)
Metric	ETN	MTZ
ROE (TTM)	19.55%	14.53%
ROA (TTM)	7.22%	4.43%
Net Margin (TTM)	12.18%	2.80%
Operating Margin (TTM)	17.85%	5.64%
Gross Margin (TTM)	35.16%	12.74%

Growth

Revenue Growth

Both Eaton (ETN) at 10.33% and MasTec (MTZ) at 16.22% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Eaton (ETN) vs. MasTec (MTZ): A comparison of their Revenue Growth across different time periods.

EPS Growth

MasTec (MTZ) at 146.12% clears its industry range for EPS growth, a much stronger earnings trajectory than Eaton (ETN) at 10.00%, which is closer to a typical peer reading.

Eaton (ETN) vs. MasTec (MTZ): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Eaton (ETN) and MasTec (MTZ)
Metric	ETN	MTZ
Revenue Growth (YoY)	10.33%	16.22%
Revenue Growth (3Y CAGR)	9.77%	13.51%
EPS Growth (YoY)	10.00%	146.12%
EPS Growth (3Y CAGR)	19.39%	129.40%

Financial Strength

Current Ratio (MRQ)

Both Eaton (ETN) at 1.23 and MasTec (MTZ) at 1.39 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

ETN

Capital Goods industry group

1.23

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
ETN: 1.23
Min: 0.36

MTZ

Capital Goods industry group

1.39

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
MTZ: 1.39
Min: 0.36

Eaton (ETN) vs. MasTec (MTZ): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Eaton (ETN) at 1.00 carries an industry-typical debt-to-equity mix, while MasTec (MTZ) at 1.12 uses more debt funding than most peers.

ETN

Capital Goods industry group

1.00

Max: 2.33
Q3: 1.12
ETN: 1.00
Median: 0.60
Q1: 0.29
Min: 0.00

MTZ

Capital Goods industry group

1.12

Max: 2.33
MTZ: 1.12
Q3: 1.12
Median: 0.60
Q1: 0.29
Min: 0.00

Eaton (ETN) vs. MasTec (MTZ): A comparison of their debt-to-equity ratio against the Capital Goods industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Eaton (ETN) and MasTec (MTZ)
Metric	ETN	MTZ
Current Ratio (MRQ)	1.23	1.39
Debt / Equity (MRQ)	1.00	1.12
Net Debt / EBITDA	2.85	3.08

Dividends

Dividend Yield (TTM)

MasTec (MTZ) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Eaton (ETN) reports a yield of 1.33%, ranking against industry peers normally.

ETN

Capital Goods industry group

1.33%

Max: 2.66%
ETN: 1.33%
Q3: 1.14%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

MTZ

Capital Goods industry group

0.00%

Max: 2.66%
Q3: 1.14%
Median: 0.24%
MTZ: 0.00%
Q1: 0.00%
Min: 0.00%

Eaton (ETN) vs. MasTec (MTZ): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

MasTec (MTZ) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Eaton (ETN) reports a payout of 43.36%, ranking against industry peers normally.

ETN

Capital Goods industry group

43.36%

Max: 67.39%
ETN: 43.36%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

MTZ

Capital Goods industry group

0.00%

Max: 67.39%
Q3: 28.02%
Median: 6.86%
MTZ: 0.00%
Q1: 0.00%
Min: 0.00%

Eaton (ETN) vs. MasTec (MTZ): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for Eaton (ETN) and MasTec (MTZ)
Metric	ETN	MTZ
Dividend Yield (TTM)	1.33%	0.00%
Dividend Payout Ratio (TTM)	43.36%	0.00%

Valuation

P/E Ratio (TTM)

Both Eaton (ETN) at 34.14 and MasTec (MTZ) at 28.40 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

ETN

Capital Goods industry group

34.14

Max: 59.38
Q3: 35.92
ETN: 34.14
Median: 25.41
Q1: 19.47
Min: 3.03

MTZ

Capital Goods industry group

28.40

Max: 59.38
Q3: 35.92
MTZ: 28.40
Median: 25.41
Q1: 19.47
Min: 3.03

Eaton (ETN) vs. MasTec (MTZ): A comparison of their P/E ratio against the Capital Goods industry group benchmark.

P/S Ratio (TTM)

MasTec (MTZ) at 0.81 looks cheap on sales in the lower P/S ratio quartile, while Eaton (ETN) at 4.15 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

ETN

Capital Goods industry group

4.15

Max: 7.54
ETN: 4.15
Q3: 3.76
Median: 2.15
Q1: 1.03
Min: 0.03

MTZ

Capital Goods industry group

0.81

Max: 7.54
Q3: 3.76
Median: 2.15
Q1: 1.03
MTZ: 0.81
Min: 0.03

Eaton (ETN) vs. MasTec (MTZ): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

MasTec (MTZ) at 3.35 is valued about in line with its industry on P/B ratio, while Eaton (ETN) at 6.33 carries an above-peer premium to book — ETN is pricier on assets.

ETN

Capital Goods industry group

6.33

Max: 9.66
ETN: 6.33
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

MTZ

Capital Goods industry group

3.35

Max: 9.66
Q3: 5.00
MTZ: 3.35
Median: 3.12
Q1: 1.81
Min: -1.08

Eaton (ETN) vs. MasTec (MTZ): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for Eaton (ETN) and MasTec (MTZ)
Metric	ETN	MTZ
P/E Ratio (TTM)	34.14	28.40
P/S Ratio (TTM)	4.15	0.81
P/B Ratio (MRQ)	6.33	3.35
Free Cash Flow Yield (TTM)	2.29%	1.00%